Natural Resource Partners (NYSE:NRP) Downgraded by StockNews.com

StockNews.com cut shares of Natural Resource Partners (NYSE:NRP) from a strong-buy rating to a buy rating in a report released on Saturday morning.

Natural Resource Partners Price Performance

NRP stock opened at $87.76 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 6.48 and a beta of 0.51. The firm’s fifty day moving average is $91.99 and its 200 day moving average is $90.75. Natural Resource Partners has a 52 week low of $64.04 and a 52 week high of $102.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.76 and a current ratio of 1.76.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, August 20th. Natural Resource Partners’s dividend payout ratio is presently 22.16%.

Institutional Trading of Natural Resource Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Natural Resource Partners in the second quarter worth approximately $34,000. Pekin Hardy Strauss Inc. purchased a new stake in Natural Resource Partners during the 2nd quarter valued at $1,496,000. Eubel Brady & Suttman Asset Management Inc. grew its holdings in Natural Resource Partners by 1,035.2% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after acquiring an additional 106,785 shares during the last quarter. Meixler Investment Management Ltd. increased its position in shares of Natural Resource Partners by 6.3% in the second quarter. Meixler Investment Management Ltd. now owns 33,455 shares of the energy company’s stock valued at $2,999,000 after acquiring an additional 1,975 shares during the period. Finally, Stokes Family Office LLC raised its stake in shares of Natural Resource Partners by 17.8% during the second quarter. Stokes Family Office LLC now owns 6,625 shares of the energy company’s stock valued at $594,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 31.77% of the company’s stock.

About Natural Resource Partners

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.